In 10 years, you can be financially independent following this strategy.

If you follow the steps in the course you WILL have your own investment portfolio and you WILL be outperforming 90% of all investors in the most relaxed and low-effort way possible.

In 10 years, you can be financially independent following this strategy.

This is a bold statement — but this is how confident I am about the strategy and the passive investing course. The reason why I can be so confident is because I have made investment mistake (worth 2 years’ of salary) and then build my current portfolio from scratch — literally from $0. And if I can do it, you can do it too. My investment journey was not smooth. There are many critical mistakes I made, and by sharing step-by-step what works, I want to help you avoid those costly mistakes that could delay achieving your financial goals for YEARS. So what you are saving is years of time and money (which can be a lot when you make mistake in investment).

There are a few mistakes that are particularly costly, that I want to share with you here because not all people would attend the course (and it’s not for all people):

1. Never invest based on free advice or opinion

This applies to newspaper, rumors, blog posts, free investment seminars, magazine, or any information online. These kind of advice or opinion will distort your judgment and make you LOSE MONEY. Here’s a truth that I found out only after losing 2 years of salary — that if it’s good investment, people won’t tell you for free. They won’t publish it publicly. They would only tell their friends or clients.

The fact that many people talk about it does not make it a good investment. It just makes it a popular investment and popular investment CAN lose money. That is why over 90% of people lose money in the market and only so few are able to be profitable sustainably long term.

2. Never try to be Warren Buffett

For most of us, we have a day job. We can’t put the time, effort, dedication, mind, energy into stock and company analysis like Warren Buffet can. We lack the time, experience and skills, therefore, we should NOT try to follow 100% what Warren Buffett does. He is in a different position than most of us in terms of skills, experience, time spent on analyzing and studying.

One of the things that Warren Buffett is famous for is he puts all his eggs in one basket and watches that basket closely, which I have tried and failed miserably.

I put all the money in one basket. When that basket broke, all my money was gone. I know that there are people arguing against diversification. These people are looking to optimize their investment returns. Diversification do slow down the accumulation of wealth, but it is a more stable and certain way to wealth accumulation in the long run. From the experience of an amateur investor (one that is not investing full-time), I would never recommend anyone to focus their investment despite how good the outlook or potential may be. The loss is real and painful when the hope is gone. And it takes too much valuable time to regain the capital, these are all opportunity costs that if you were to choose the steady but slower path at the beginning, you CAN minimize much of the risks that comes with investment (including the risk that your analysis is wrong, or the company suddenly loses its competitive advantage, or the economy or political factor goes again the business etc).

So, it’s time to face the truth: that we are NOT Warren Buffett and we should choose the investment strategy that works for us.

3. Be wary of these words: “high return”

I was blinded by the word “high return”. The investment that I got all my capital into is projected to produce a return of 12% annually, which is much higher than market standard (3–5%). I was so attracted to the “high return” because this would mean that I can achieve my financial goal 4X times faster. It is clear from hindsight but I doubt anyone would find it easy to say no to high return. We are greedy by nature and the excitement of having high return would lure us (especially investors) to place our hard-earned capital in these kinds of high return projects despite deep down we know that these projects are also high risk. There is a psychology study which shows that in shopping decision or investing decision, we are driven by emotion to make the decision and then we try to justify the decision logically.

Now, after making the painful loss, I’ve learnt to be very careful whenever an investment promises “high return” and not let my greed runs my decision.

These 3 are among the mistakes that I have made that causes critical loss. There would be a lot of bumps and hiccups here and there in the investment journey, and also scams.

Speaking from experience, it is very important that we try our best not to lose our money.

Warren Buffett is right about this — the first rule of investing: “never lose money”. Rule no. 2 “never forget rule no. 1”. I didn’t really understand what he meant before. Now I do, and it has become one of the key purpose and mission of me to help you not lose any money by sharing what could be the easiest and most straight forward and safest way to financial independence.

Because once you lose money, you will need a lot more time, effort, and profits to make it up. If you are interested to join, here is the link: https://bit.ly/3D3J1U6.

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Writes about Career acceleration; FIRE Retire in 10 years; Passive investment; Abundant mindset

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Connie C

Connie C

Writes about Career acceleration; FIRE Retire in 10 years; Passive investment; Abundant mindset

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